Link Business
*** SOLD ***

Successful Well Established Panel Beating Business

R1,200,000 including Stock (excl VAT)Listing: #13689

About this business for sale

Successful Well Established Panel Beating Business
This highly successful panel beating and mechanical repairs business was established over 10 years ago. The owner is in the process of emigrating which presents a unique opportunity to purchase this highly profitable business.

The business is an appointed service provider to all the major insurance companies and they have all of the local business, with a large diverse customer base and no (panel beater) competitor.

They also offer a 24 hour vehicle recovery service, mostly on a cash basis.

All equipment is well maintained and the business operates out of leased premises in a small (inland) Eastern Cape town. The staff are all well trained and they have been with the business for many years, most since inception.

The asking price is R1,300,000-00 (exc VAT includes Stock)

The business has an annual net profit (EBPIDT) of approximately R1,074,227 and offers a return on investment of 83% and/or a monthly payback of approximately 15 months.

For more information on this great opportunity, please contact the Listing Broker,
Neville Loader on: 071 327 5916
East London
Mobile Only
+27 71 327 5916

Neville Loader

*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.